While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.
This week, investors kept a close eye on the conflict in Ukraine, though Federal Reserve news awaited investors.
This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.
As the housing sector picks up, mortgage rates remained relatively quiet this week as the trade negotiations with China offered little news.
This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
As the housing market shows new, encouraging data this week, it still faced overshadowing from Wednesday's Fed meeting.
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.